Around the midnight, the Jaguars officially lost their top cover cornerback when Derek Cox agreed to a four-year contract with the San Diego Chargers.

On the open market less than 32 hours, Cox’s contract is for $20 million, including $10.25 million guaranteed.

Cox’s agent had talks with the Jaguars at last month’s Scouting Combine and as late as Monday but it was quickly assumed that he would be moving on to a team willing to offer more money on a per-year deal.

Cox, a third round pick in 2008, had 12 interceptions in 47 games for the Jaguars.

The Jaguars traded a 2009 seventh round pick and a 2010 second round pick to get into position to draft Cox with the 73rd overall pick.

Ouch...this one hurts for some reason. Not sure if Derek was one of the better players the Jaguars had? Always thought Mercedes Lewis was the best athlete, but definitely NOT the best football player on the team.